Core Viewpoint - UBS reports that Pop Mart's third-quarter revenue increased by 245% year-on-year to 250 million, with domestic and overseas sales growing by 185% to 190% and 365% to 370% respectively, exceeding expectations due to strong sales in China, Asia-Pacific, and Europe [1] Group 1 - UBS maintains a positive outlook on Pop Mart, citing the rising popularity of its IP product Twinkle Twinkle and the stable trend in the secondary market prices of Labubu [1] - Upcoming catalysts such as Christmas-themed product series are anticipated to further enhance stock performance, supported by improving high-frequency data like credit card tracking [1] Group 2 - Based on DCF valuation, UBS raises Pop Mart's target price from HKD 432 to HKD 435 and maintains a "Buy" rating [1] - Adjusted net profit forecasts for 2025 to 2027 have been increased by 13% to 17% to reflect the strong third-quarter performance [1]

Core Viewpoint - UBS remains optimistic about Pop Mart's (09992) prospects due to the rising popularity of the Starry People series and the stabilization of second-hand market prices for the Labubu series after an initial supply-driven price drop [1] Group 1: Sales and Market Trends - The third quarter sales data update, Christmas-themed product releases, and new animation releases are expected to act as catalysts for growth [1] - High-frequency data, such as credit card spending tracking, is anticipated to enhance stock price momentum [1] Group 2: Investment Rating - UBS maintains a "Buy" rating for Pop Mart with a target price of HKD 432 [1]

Core Viewpoint - UBS remains optimistic about Pop Mart's (09992) prospects due to the rising popularity of the Starry People series and the stabilization of second-hand market prices for the Labubu series after an initial supply-driven price drop [1] Group 1: Sales and Market Trends - The third quarter sales data update, Christmas-themed product releases, and the upcoming animation will serve as catalysts for growth [1] - High-frequency data, such as credit card spending tracking, is expected to enhance stock price momentum [1] Group 2: Investment Rating - UBS maintains a "Buy" rating for Pop Mart with a target price of HKD 432 [1]

Core Viewpoint - UBS remains optimistic about Pop Mart's prospects due to the rising popularity of the Starry People series and the stabilization of the second-hand market prices for the Labubu series [1] Group 1: Sales and Market Trends - The bank anticipates that upcoming third-quarter sales data updates, the release of Christmas-themed products, and new animated works will act as catalysts for growth [1] - High-frequency data, such as credit card spending tracking, is expected to enhance the accuracy of market insights and drive stock price momentum [1] Group 2: Ratings and Price Targets - UBS maintains a "Buy" rating for Pop Mart, setting a target price of HKD 432 [1] - Following UBS's report, Pop Mart's stock rose nearly 7%, with JPMorgan raising its rating to "Overweight" and increasing its target price to HKD 320 [1]